Statement U/s. 133A is merely information simplicitor and not evidence per se

PCIT  Vs. Texraj Realty P. Ltd (Gujarat High Court)

S. 68: Addition of undisclosed income cannot be made on the basis of (a) entries in dairy found during survey & (b) admission of director in s. 133A survey if assessee has filed a retraction and alleged that the entries/ statement were recorded under pressure. A s. 133A statement is merely information simplicitor and not evidence per se. Addition cannot be sustained if the Dept has not investigated the matter and find m

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